Buy Pitti Engineering; target of Rs 1552: KR Choksey
Fri, Nov 15, 2024 3:31 PM

Buy Pitti Engineering; target of Rs 1552: KR Choksey

A Flip by Shubhangi Gupta
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Pitti Engineering Ltd demonstrated solid top-line and bottom-line growth, with revenue increasing by 41.9% YoY to INR 4,294 Mn, driven by strong volume growth, and PAT growing by 72.8% YoY to INR 380 Mn. The company's outlook is positive, with a maintained FY26E P/E of 25.0x and EPS of INR 62.1, supporting a "BUY" rating with a target price of INR 1,552.

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